Alaska Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation The Alaska Restricted Stock Plan offered by RPM, Inc. is a comprehensive and lucrative employee benefit program designed to reward and incentivize employees of the company. This plan provides employees with the opportunity to acquire and hold shares of RPM, Inc. stock in a restricted manner, thereby encouraging long-term commitment and loyalty. Under the Alaska Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) which represent the right to receive a certain number of shares of RPM, Inc. stock at a predetermined price. This RSS is subject to certain vesting conditions, which may include a specific timeline or the achievement of performance goals, ensuring that employees remain engaged and dedicated to the company's success. Upon fulfillment of the vesting requirements, the RSS convert into actual common shares of RPM, Inc. stock, allowing employees to gain ownership and fully participate in the company's growth and success. One of the primary advantages of this plan is that it aligns the interests of employees with those of the shareholders, fostering a sense of ownership and pride in their work. In addition to the core Alaska Restricted Stock Plan, RPM, Inc. may also offer different variations or types of stock-based compensation programs. These variations may include performance-based stock grants, where the number of RSS granted is linked to the achievement of specific performance targets or metrics set by the company. Another possible type is the restricted stock purchase plan, which allows employees to purchase a predetermined number of RPM, Inc. shares at a discounted price. Overall, the Alaska Restricted Stock Plan offered by RPM, Inc. provides employees with a valuable opportunity to acquire and hold a stake in the company's success. By structuring the plan in a restricted manner, RPM, Inc. ensures that employees remain committed, motivated, and focused on achieving long-term objectives. This plan serves as a powerful tool to attract and retain top talent while fostering a culture of ownership and shared success within the organization.

The Alaska Restricted Stock Plan offered by RPM, Inc. is a comprehensive and lucrative employee benefit program designed to reward and incentivize employees of the company. This plan provides employees with the opportunity to acquire and hold shares of RPM, Inc. stock in a restricted manner, thereby encouraging long-term commitment and loyalty. Under the Alaska Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) which represent the right to receive a certain number of shares of RPM, Inc. stock at a predetermined price. This RSS is subject to certain vesting conditions, which may include a specific timeline or the achievement of performance goals, ensuring that employees remain engaged and dedicated to the company's success. Upon fulfillment of the vesting requirements, the RSS convert into actual common shares of RPM, Inc. stock, allowing employees to gain ownership and fully participate in the company's growth and success. One of the primary advantages of this plan is that it aligns the interests of employees with those of the shareholders, fostering a sense of ownership and pride in their work. In addition to the core Alaska Restricted Stock Plan, RPM, Inc. may also offer different variations or types of stock-based compensation programs. These variations may include performance-based stock grants, where the number of RSS granted is linked to the achievement of specific performance targets or metrics set by the company. Another possible type is the restricted stock purchase plan, which allows employees to purchase a predetermined number of RPM, Inc. shares at a discounted price. Overall, the Alaska Restricted Stock Plan offered by RPM, Inc. provides employees with a valuable opportunity to acquire and hold a stake in the company's success. By structuring the plan in a restricted manner, RPM, Inc. ensures that employees remain committed, motivated, and focused on achieving long-term objectives. This plan serves as a powerful tool to attract and retain top talent while fostering a culture of ownership and shared success within the organization.